Russia to become a second Greece

The growth rate of Russia is currently only 2%.In another 10 years this growth rate could not be achieved. Hence Russia would become another Greece was stressed by the Chief developing bank, Renensace Capital had reported
In this context the government intends to increase the rates on loans and the economic growth rate as at the 1^st quarter has shown as only 1.6 %.The reasons had been for this had been that investments have fallen and the increase in consumer demands and the decrease in the demand from outside...............

According to the high officials of Renensace capital this had been the cause for the central loss of income. This increase is shown in developing countries. When a country gets profits it is natural for the efforts to be diminished.
The economic specialists say that when per capital amount of US$ 16000 is reached this is the tendency. At present this figure in Russia stands at US$ 16,016.Several counties have had to face this situation in the past decades.

Euro $ falls in BRICS countries due to conflicts among the European banks

In countries like Brazil, Russia, India, China and South Africa, the BRICS group are attempting to sell the Euro dollar for a lesser figure. Statistics reveal that in the year 2012 Euro dollars 45 billion had been sold for a lesser amount.
From the total of the aggregate of the Euro dollars in their possession 24% is in the form of Euro dollars. This is the lowest amount since the introduction of the Euro dollar since its inception in the year 2002. When globally it is considered it has come down owing to various reasons.
There is a conflict about debts in the BRICS countries which are fast developing. Last week between China and Brazil a dollar transaction of 30 million dollars has taken place. In this regard they have signed the necessary agreements. It is also learnt that the Chinese currency ’renbinb’ is becoming stronger.

The Euro dollar is used as the common currency in 17 countries. Hence there is no threat for the Euro dollar against the US dollar. It is learnt that countries like Spain, Italy, Greece and Cyprus who are economically that sound also want to use the euro dollar instead of the US dollar to be with the other 17 countries who use the Euro dollar.